Public hearing set for proposed taxes, bond that would raise over $1 billion for OKC
OKLAHOMA CITY (KOKH) —
A public hearing has been set to discuss taxes and a bond that would raise over $1 billion for Oklahoma City.
The Oklahoma City Council set the public hearing for June 20. The council has proposed an amendment that would continue the MAPS 3 penny sales tax for 27 months. The tax is set to expire soon. The money would be used to fund street resurfacing, streetscapes, trails, sidewalks and bicycle infrastructure.
The council is also considering a permanent 1/4 cent sales tax that would raise an annual $26 million to be used for public safety and day-to-day operations as well as a 10-year $967 million bond package for streets, police and fire facilities, parks and other basic needs.
If approved by the council, the issues would be up to Oklahoma County voters on Sept. 12.